NYCB shares jump after new CEO gives two-year plan for "clear path to profitability"
NYCBNew York munity Bancorp(NYCB) CNBC·2024-05-01 19:54

A New York Community Bank stands in Brooklyn, New York City, on Feb. 8, 2024.New York Community Bank on Wednesday posted a quarterly loss of $335 million on a rising tide of soured commercial loans and higher expenses, but the lender's stock surged on its new performance targets.The first-quarter loss, equal to 45 cents per share, compared to net income of $2.0 billion, or $2.87 per share a year earlier. When adjusted for charges included merger-related items, the loss was $182 million, or 25 cents per shar ...